In the early trading of the country’s stock market, there is a trend of decline on Tuesday. The broader index of the Sensex, which had lost 46.47 points at 9.52 am, settled at 40,221.15 and the Nifty also closed at around 12,067.25 with a weak 21.30 points at the same time.
The Sensex, based on the 30-share Sensex of the Bombay Stock Exchange (BSE), fell by 71.62 points to end at 40,196.00, while the National Stock Exchange’s (NSE) 50-share Sensex index Nifty opened at 12,052.65 with a weakness of 35.9 points.
At the same time, the strong rupee against the dollar remained strong even on Tuesday. Rupee jumped 11 paise to Rs 69.15 per dollar at 9 pm and then proceeded to 69.42 making the gain. In the previous session, the rupee had gained 44 paise to close at 69.26 against the dollar.
Currency market analysts say that the decrease in the price of crude oil in the international market has strengthened the rupee. Also, the Reserve Bank of India is expected to cut key interest rates, which has made the rupee stronger.